KNF: Banking sector down 2.5% at end-November

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The banking sector recorded an aggregated net profit of PLN 12.77 billion at end-November, according to data from the Financial Supervision Authority (KNF), representing a 2.5 percent decline y/y.

Net income from banking activity stood at PLN 56.31 billion and increased by 3.7 percent y/y.

Banks’ net interest income grew by 12.5 percent y/y to PLN 38.85 billion. Net fees and commissions came in at PLN 12.57 billion, a 9.6 percent y/y growth. Operating costs amounted to PLN 17.24 billion, a 0.1 percent decrease.

Costs went up by 4.1 percent to PLN 30.11 billion.

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